Chenille fabrics are a popular choice in the textile industry, known for their softness and durability. Among the various types of chenille fabrics available, HS Code 58012600 specifically refers to chenille fabrics made of cotton, excluding fabrics under heading 5802 or 5806.
When it comes to international trade, understanding the Harmonized System (HS) code is crucial. HS codes are used to classify and categorize products for customs and trade purposes. The HS Code 58012600 helps identify and differentiate chenille fabrics of cotton from other textiles in the global market.
Bound / MFN duty rate is an important aspect to consider when importing or exporting goods. For HS Code 58012600, the bound duty rate is free. This means that countries are not required to impose any customs duties on the import or export of chenille fabrics of cotton under this HS code. It is important to note that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 58012600 is square meters (M2). This unit helps in measuring and quantifying the amount of chenille fabrics of cotton being imported or exported.
Several special tariff preference programs exist for HS Code 58012600. These programs offer specific benefits and tariff rates for countries participating in them. The following countries enjoy special tariff rates for chenille fabrics of cotton:
In addition to these special rates, Australia enjoys a tariff rate of 3% for imports of chenille fabrics of cotton under HS Code 58012600. Morocco, on the other hand, has a special rate of 1.8%.
When it comes to the United States, certain states are known for their import and export activities related to chenille fabrics of cotton under HS Code 58012600. Two notable states in this regard are:
These states play a significant role in the trade of chenille fabrics of cotton, contributing to the overall import and export statistics of the United States.
HS Code 58012600 represents chenille fabrics made of cotton, excluding fabrics under heading 5802 or 5806. Understanding the HS code, duty rates, special tariff preference programs, and the importing/exporting states is crucial for businesses and individuals engaged in the international trade of chenille fabrics of cotton.